$BAND

FCC approved SpaceX to launch 15,000 Starlink Mobile satellites, enabling direct phone connectivity with 100x current bandwidth. SpaceX can compete directly with Verizon and AT&T, targeting rural and roaming customers first. Launches begin in late 2027, with full network by 2035. SpaceX owns spectrum from EchoStar, avoiding carrier leasing rules.

Arista Networks (ANET) rose 2.7% to $212.54 after Bernstein initiated an Outperform rating with a $250 target, implying 17.6% upside. Bernstein expects AI infrastructure spending to benefit networking suppliers. Arista reported Q2 revenue of $3.036B, up 37.7% YoY, and projects Q3 revenue of $3.3B. Inventory increased to $2.54B, which could help or hinder depending on demand.

Bandwidth Inc. (BAND) reported Q2 revenue growth of 22% to $220M and raised its full-year outlook. The company trades at a forward P/E of 23.04, with an enterprise value of $1.0B against projected 2026 sales of over $900M. While adjusted EBITDA rose 27% to $28M, GAAP gross margin slipped to 36% from 40%. Free cash flow was $24M, down from $26M a year ago. Hedge fund ownership doubled, but short interest remains high at 15.69% of float.

Analysts predict Samsung Electronics' profits will rise due to high-bandwidth memory (HBM) price increases and DRAM shortages. KB Securities expects DRAM supply shortages to persist, reducing production capacity. Samsung's HBM sales are projected to grow, with prices rising over 100% by 2027. Micron's earnings also confirm memory supply shortages. Analysts foresee Samsung's shareholder returns quadrupling to 600 trillion won over the next three years.

Fastly (FSLY) beat estimates and raised guidance, but its stock fell 2.2%. Akamai (AKAM) reported $1.1B revenue, up 5.4%, but missed income estimates and guidance, dropping 8.5%. Nutanix (NTNX) saw $757.1M revenue, up 15.9%, and beat estimates, rising 6.8%. Bandwidth (BAND) reported $219.9M revenue, up 22.2%, and raised guidance, increasing 19.1%.

Alchip and Synopsys collaborated to address bandwidth constraints in AI data center ASICs, presenting a solution combining Synopsys 224G PHY IP with Alchip's packaging and signal integrity expertise. The approach aims to overcome physical design challenges and support high-speed data transfer, with implications for data center scalability. Alchip is a Taiwan-based ASIC provider listed on the TWSE (3661).

Bandwidth (BAND) expanded its partnership with Salesforce, becoming the first certified carrier for Salesforce’s AI-powered Contact Center in over 25 markets. The stock has surged 7.53% in one day and 22.90% in 30 days, with a year-to-date return of 310.69%. Analysts suggest BAND could be 13% undervalued, with a fair value estimate of $67.25, citing growth potential in cloud-based communications. However, valuation multiples indicate potential risk if market enthusiasm cools.

Meta plans to build a new subsea cable, Petal, connecting France and the US with 1 Pbps bandwidth, twice the speed of its existing Anjana cable. The project, expected to launch in 2029, aims to support increased data demands and will be built in partnership with NEC and Sumitomo Electric Industries.

Analysts cover five stocks: Dave (DAVE) initiated at Buy with a $480 target, citing revenue growth and profit margins. Etsy (ETSY) upgraded to Buy with $90 targets, highlighting AI-driven improvements and cost reductions. FuelCell Energy (FCEL) rated Hold with a $19 target, noting risks and opportunities. Union Pacific (UNP) upgraded to Buy with a $339 target, expecting volume gains and potential merger upside. Bandwidth (BAND) initiated at Hold with a $60 target, citing growth concerns.

Credo Technology (CRDO) will showcase 1.6T optical connectivity solutions for AI networks at ECOC 2026. The tech, including 1.6T 2xDR4 modules, targets rising bandwidth demands in AI and cloud infrastructure. Q1 2027 revenue was $479M, up 114.7% YoY. CRDO stock is up 21% YTD, with guidance for Q2 revenue of $525M-$535M.